Bankrupt Sri Lanka opens IMF talks, begins shutdown

Bankrupt Sri Lanka opens IMF talks, begins shutdown



Updated 3 hours ago ·
Published on 20 Jun 2022 4:10PM ·





Sri Lanka’s first in-person talks with the International Monetary Fund are being held in Colombo today and will continue for 10 days as the country faces its worst economic crisis to date. – EPA pic, June 20, 2022.

SRI Lanka closed schools and halted all non-essential government services today, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund (IMF) opened talks with Colombo on a possible bailout. 

The country of 22 million people is in the grip of its worst economic crisis after running out of funds to finance even the most essential imports, including fuel. 


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